Morning Notes – Friday, August 16, 2024

Directional Bias for the Day: S&P Futures are lower at 8:00 AM – moving sideways to down since 11:00 AM on Thursday making a rounding top pattern, The odds are for a sideways to down day – watch for a break above 5583.00 or a break below 5550.75 for clarity. The economic data due during…